Monthly Lithium Market Report Oct 2021
2021-11-09 09:24:42 【Print】
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1. Market Highlights
Suppliers kept prices stable while consumers mainly held wait-and-see attitudes towards market under such high prices, so Chinese industrial grade lithium carbonate 99%min witnessed flat prices in October.
Encouraged by soaring spodumene prices and producers' optimistic attitudes towards the demand outlook, Chinese battery grade lithium carbonate 99.5%min prices climbed in October.
The Chinese lithium hydroxide 56.5%min and lithium hydroxide 56.5%min, magnet 0.0001%max (battery grade) market witnessed climbing prices in the first half of October due to strong demand and suppliers' rising costs while it kept stable in the second half of the month because downstream market mainly held wait-and-see attitudes under such high prices.
The Chinese LFP market saw active buying activities and increasing prices in October due to strong demand and climbing lithium carbonate prices.
Following with rising prices of raw material, Chinese LNCMO prices edged up in October. Consumers purchased for immediate use.
Chinese LCO prices increased in October as a result of suppliers' increasing costs of lithium carbonate and cobalt tetroxide. Supported by climbing lithium carbonate prices, the Chinese LMO market saw rising prices in October.
Suppliers kept prices stable while consumers mainly held wait-and-see attitudes towards market under such high prices, so Chinese industrial grade lithium carbonate 99%min witnessed flat prices in October.
Encouraged by soaring spodumene prices and producers' optimistic attitudes towards the demand outlook, Chinese battery grade lithium carbonate 99.5%min prices climbed in October.
The Chinese lithium hydroxide 56.5%min and lithium hydroxide 56.5%min, magnet 0.0001%max (battery grade) market witnessed climbing prices in the first half of October due to strong demand and suppliers' rising costs while it kept stable in the second half of the month because downstream market mainly held wait-and-see attitudes under such high prices.
The Chinese LFP market saw active buying activities and increasing prices in October due to strong demand and climbing lithium carbonate prices.
Following with rising prices of raw material, Chinese LNCMO prices edged up in October. Consumers purchased for immediate use.
Chinese LCO prices increased in October as a result of suppliers' increasing costs of lithium carbonate and cobalt tetroxide. Supported by climbing lithium carbonate prices, the Chinese LMO market saw rising prices in October.
